Nuef Cegetel Profit Grows 23

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Earnings Analysis:

Nuef Cegetel Profit Grows 23%

Author: 123jump.com Staff
123jump.com
Last Update: 3:16 PM EDT March 11 2008

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Despite the impact of the acquisition and integration of Club Internet, France’s second largest broadband company Nuef Cegetel revenues increased 16% to 3.3 billion euro from 2.8 billion euro a year earlier as revenues in the mass market division rose to 1.4 billion euro from 872 million euro. The company proposed a 50% rise in dividends to 0.60 euro per share from 2006.

The group also lauched its first ToIP services, integrating voice and data transfer on the same IP network, as well as management of IPBX in 2007.

Outlook

For 2008, the group is aiming for a revenue growth of over 20% for its Mass Market division, driven by the growth of the broadband market, growth in ARPU and the integration of Club Internet.

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